Valuation of Shares and the Importance of Disclosures in the Indian Securities Market

One question that boggles the mind of all players in every stock market is “What should be the true value of the shares?” To a market regulator, this question is of much more importance. It is the regulator’s duty to take all appropriate measures to ensure that the shares should be priced so as to reflect the fundamentals of the company. Otherwise, it may result in astronomical losses to all the players of the market, from individual investors to big corporate giants.Before the liberalization of...

Probe started by CCI in identical airfare pricing

All domestic airlines have been sent a letter by the antitrust watchdog Competition Commission of India (CCI), after it found that airlines were selling seats at almost equal prices that offered little choice to travelers. CCI, which doubted that airlines were acting like a cartel, has sought details on the way they estimated their fares. CCI secretary Smita Jhingran has written a letter to domestic airlines dated March 27, asking it to explain the reason for such identical pricing of...

Fine of rupees 1 crore imposed by Competition Commission of India on Google

Failure to co-operate in an ongoing investigation has landed Mountain View, California-based Google in trouble, as Competition Commission of India (CCI) has imposed a fine of rupees 1 crore on the company. CCI stated in its order that the order was passed on a reference made by the DG (Director General of Investigations) to CCI alleging inter alia, non-cooperation by Google in the pending investigations, which were  being conducted by CCI to investigate a 2012 complaint filed by M/s...